Based on the information above, what is the is the firm's EPS?Group of answer choices$7.55$6.80$5.84$6.47 Great Inc.The balance sheet and income statement shown below are for Great Inc. Note that the firm has noamortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years,and the notes payable will be rolled over.Balance Sheet (Millions of $)2016$ 1,554.09,660.013.440.0$24,654.017,346.0$42,000.0AssetsCash and securitiesAccounts receivableInventoriesTotal current assetsNet plant and equipmentTotal assetsLiabilities and EquityAccounts payableNotes payable$ 7,980.05,880.0AccrualsTotal current liabilitiesLong-term bondsTotal liabilities4,620.0$18,480.010,920.0$29,400.0Common stockRetained earningsTotal common equityTotal liabilities and equity3,360.09,240.0$12,600.0$42.000.0Income Statement (Millions of $)Net salesOperating costs except depr'nDepreciationEarnings bef int and taxes (EBIT)Less interest2016$58,800.0$54,978.0$ 1,029.0$ 2,793.01.050.0$ 1,743.0$ 610.1$ 1,133.0Earnings before taxes (EBT)ТахesNet incomeOther data:Shares outstanding (millions)Common dividends150.00$ 509.83Int rate on notes payable & L-T bondsFederal plus state income tax rateYear-end stock price6.25%35%$105.75

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Based on the information above, what is the is the firm's EPS? Group of answer choices $7.55 $6.80 $5.84 $6.47

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter7: Financial Activities

Section: Chapter Questions

Problem 7QE

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